OCBC 360 consider one of the highest interest rate saving acc @ 4.1% max pa (Rm100k max for the interest), even higher than normal FD @ 3.x%.

Provided you fulfilling all their requirement, each earn you 1.2% pa starting at base interest 0.5%. More info here:
- Deposits RM500 to OCBC each month
- Pay at least 3 bills using OCBC online
- Spend at least RM500 with OCBC debit/credit card

So if you're doing all the above currently, i think it will be a good choice to use as saving acc to park money.

This post has been edited by hong823: Apr 8 2018, 04:24 PM

Maybank has Maybank2u Savers account which has 2% pa interest just have to maintain 2k balance and that's all you need to fulfilled any other requirement. This account can open almost instantly through an existing m2u account.

I think it's good when you just need to park your money temporary / short period of time while getting decent interest from SA.

http://www.maybank2u.com.my/mbb_info/m2u/p...al/ACC-Accounts

What is the other better options? Do you mean ASNB?

This post has been edited by hong823: Apr 26 2018, 12:42 AM

I noticed the philip money market you mentioned has 0.5% management fee pa and 0.03% trustee fee pa.

If deducting those fees would leave us with nett return 3.17% pa (3.7% - 0.5% - 0.03%) is that right? How does the fees work exactly for philip money market?

With that in mind, comparing with ocbc 2.9% vs 3.17% philip money market, would it be a good idea to sacrifice the 0.27% pa extra for the instant withdrawal flexibility of normal saving acc?

This post has been edited by hong823: Nov 3 2018, 11:28 PM

How and when is the management and trustee fees is going to be charged to the investor?